- Latitude Consolidated (LCD) intersected up to 31.2 grams of gold per tonne (g/t) from the St Anne’s Prospect in Western Australia
- The bonanza result is from a recently completed phase one drilling program undertaken at the Judy North, Suzie North and St Anne’s prospects
- As well as the high-grade gold from St Anne’s, up to 5.95g/t gold was intersected at Judy North and 14.45g/t gold at Suzie North
- All three prospects will be further tested in Latitude’s phase two drilling program which is already underway
- Latitude is up 11.9 per cent on the market with shares trading at 4.7 cents
Latitude Consolidated (LCD) has intersected up to 31.2 grams of gold per tonne (g/t) from the St Anne’s Prospect.
St Anne’s is part of Latitude’s Murchison Gold Project which lies in the highly prospective Murchison Goldfields of Western Australia.
Results come from the recently completed phase one drilling program which was undertaken at the Judy North, Suzie North and St Anne’s prospects.
St Anne’s
The best results come from St Anne’s where an intercept of three metres at 13.82g/t gold from 103 metres including one metre at 31.2g/t gold was returned.
These results demonstrate the high-grade nature of the mineralisation which remains open along strike and up and down dip.
Latitude will test extensions of this mineralisation in the second quarter under its recently started phase two drilling program.
Judy North
Drilling at the Judy North Prospect tested for the continuation of high-grade mineralisation in an area subject to limited historical drilling.
Of the five holes drilled, one intersected a high-grade shoot 70 metres below and to the north of drilling completed by Doray Minerals in 2015.
Best results include five metres at 2.96g/t gold from 154 metres including two metres at 5.95g/t gold.
Judy North remains open to the north and Latitude intends to further test the mineralisation in its phase two program.
Suzie North
Results from Suzie North include seven metres at 2.60g/t gold from 121 metres including one metre at 14.45g/t gold, and one metre at 6.69g/t gold from 84 metres.
Latitude CEO Tim Davidson said he was excited by these results.
“We are excited by the extremely high grades returned from St Anne’s which is an important exploration target for us,” Mr Davidson said.
“With these results in hand, we look forward to rapidly progressing our phase two drill program and updating our shareholders as we begin to receive assay results over the coming months.”
Latitude was up 11.9 per cent on the market with shares trading at 4.7 cents at 1:51 pm AEST.